Evercore ISI Group Upgrades Duolingo (DUOL)
Fintel reports that on September 1, 2026, Evercore ISI Group upgraded their outlook for Duolingo (NASDAQGS:DUOL) from In-Line to Outperform.
Analyst Price Forecast Suggests 19.51% Downside
As of August 28, 2026, the average one-year price target for Duolingo is $127.80/share. The forecasts range from a low of $80.80 to a high of $171.15. The average price target represents a decrease of 19.51% from its latest reported closing price of $158.77 / share.
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The projected annual revenue for Duolingo is 768MM, a decrease of 32.89%. The projected annual non-GAAP EPS is -1.63.
What is the Fund Sentiment?
There are 765 funds or institutions reporting positions in Duolingo. This is an increase of 380 owner(s) or 98.70% in the last quarter. Average portfolio weight of all funds dedicated to DUOL is 0.14%, an increase of%. Total shares owned by institutions increased in the last three months by 15.45% to 48,727K shares. 
The put/call ratio of is 0.74, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 4,824K shares representing 11.95% ownership of the company. In its prior filing, the firm reported owning 4,876K shares , representing a decrease of 1.07%. The firm increased its portfolio allocation in DUOL by 2.54% over the last quarter.
Aqr Capital Management holds 2,333K shares representing 5.78% ownership of the company. In its prior filing, the firm reported owning 110K shares , representing an increase of 95.28%. The firm increased its portfolio allocation in DUOL by 1,782.89% over the last quarter.
Vanguard Capital Management holds 1,746K shares representing 4.32% ownership of the company. In its prior filing, the firm reported owning 1,723K shares , representing an increase of 1.29%. The firm increased its portfolio allocation in DUOL by 0.93% over the last quarter.
Two Sigma Investments holds 1,629K shares representing 4.03% ownership of the company. In its prior filing, the firm reported owning 1,396K shares , representing an increase of 14.34%. The firm increased its portfolio allocation in DUOL by 22.24% over the last quarter.
FIL holds 1,604K shares representing 3.97% ownership of the company. In its prior filing, the firm reported owning 1,623K shares , representing a decrease of 1.20%. The firm increased its portfolio allocation in DUOL by 6.59% over the last quarter.
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This story originally appeared on Fintel.